Why people are happy only when the price goes up? - page 9.

maxreish

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Quote from: BlackHatCoiner on June 25, 2020, 01:00:17 PM

Especially in the wall observer, you will see people that want bitcoin's price to get increased. Although, if bitcoin price goes down, it's good for many people too. For example, I want to get decreased so I can buy more BTC

Those who are glad when bitcoin is surging up are those who are long holder and those who bought bitcoin from the low price. Of course, what matters most is the "profits" we are about to acquire if we sell our bitcoin at high price.

While there are also some great advantage when the price will go down, but some are aiming the gains first to buy more.

LogitechMouse

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Different people have different feelings when they see their money going up.

Maybe some in the Wall Observer are just happy that they are sharing it within the thread but for sure, there are users out there that wants to go Bitcoin go down at least a bit for them to accumulate more. Its just they aren't posting it on the W.O. thread.

Me, if the price go up no reaction for me but if the price go down still no reaction for me Cheesy

. Maybe that is quite weird but that is how I feel when I'm into investing. I developed being emotionless already even it is in crypto or stocks etc Cheesy

.

suzanne5223

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It normal OP cause very investors invested in a business in other for him to make profit, a wise man once said "the profitable of a businessis what makes the business keep going" if investors are not making profit through crypto they could have switch to another investment setting.

Quote from: spike420211 on June 26, 2020, 04:26:04 AM

Not everyone is happy only when the price goes up. Traders who successfully short Bitcoin are happy when the price goes down.

You're correct about that but in the end they will also want the market price to turn up.

famososMuertos

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It is actually the basic part of bitcoin that many are attracted to, only initially, at least it should be, but to the extent of bitcoin, in its entirety, the price itself is only part of its real value at bitcoin.

The point is yes! There is a dance between the fiat currency that gives value to bitcoin, so that in a way people adopt bitcoin and can understand it, but over time, perhaps in many years, bitcoin should be the reference of everything.

Do the mental exercise, take out any fiat coins and put just bitcoin, then what value would things have, a car 3,000,000 satoshi, a house "x" BTC, the hourly wage "x" satoshi. Some see that future and perhaps they do not even expect the price to rise, they just want to use bitcoin as a means of liberating payment.

But the vast majority "live or live" in a world where dependence on the Fiat currency dominates and then subordinating oneself to the dollar, "normal" thing that leads to simply rejoicing.

spike420211

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Not everyone is happy only when the price goes up. Traders who successfully short Bitcoin are happy when the price goes down.
Only for the price increase are those who are primarily concerned with the financial aspect of bitcoin the first thing that matters, how much money can it bring them.
For example, people who bought bitcoin on highs have little joy in the fact that its price does not rise or fall, but their goal is only quick money.

giammangiato

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Quote from: BlackHatCoiner on June 25, 2020, 01:00:17 PM

Especially in the wall observer, you will see people that want bitcoin's price to get increased. Although, if bitcoin price goes down, it's good for many people too. For example, I want to get decreased so I can buy more BTC

If we assume that there are only people with huge fortunes on bitcoin, then yes, it's too bad if the price goes down. But, except from those guys, there are the ones who are waiting to buy more. We never heard anything from them Roll Eyes

Actually you answered your question yourself, it happens exactly this way. Anyone who holds a good amount of bitcoin hopes and will always hope for a rise in the price, to remember that in 2017 when btc touched 19k share not everyone managed to gain, especially those who bought at that time and did not sell immediately find themselves in net loss, here because many hope for the ascent and many are convinced that it will happen. Reverse speech and instead for those who want to buy and will always do it at the lowest possible price

MCobian

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Not everyone feels happy when bitcoin prices go up, there are some people expecting bitcoin prices to fall. So depend there in which position,
if we holders certainly expect the price of bitcoin to rise, so that it can be sold and get profit. Then if we are investors would love to see the price
of bitcoin go down, because it can buy bitcoin at cheap prices and accumulate bitcoin. So everyone has different point of view.

kryptqnick

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Quote from: BlackHatCoiner on June 25, 2020, 01:00:17 PM

Especially in the wall observer, you will see people that want bitcoin's price to get increased. Although, if bitcoin price goes down, it's good for many people too. For example, I want to get decreased so I can buy more BTC

If we assume that there are only people with huge fortunes on bitcoin, then yes, it's too bad if the price goes down. But, except from those guys, there are the ones who are waiting to buy more. We never heard anything from them Roll Eyes

If you have 1 Bitcoin and it's worth $9k, but suddenly you wake up with $2k less, you are not likely to feel good about it. If Bitcoin goes down, there's always a possibility that it will keep going down or it'll take a long time to recover. When Bitcoin is going up, at least things are fine for the time being. Investors are interested in stable growth of their investment, and I'm quite sure that those who see the price drop as an investment opportunity are in minority. This binary opposition of the price going up or down doesn't account for a third option: the price remaining the same. This would be best for retailers and people who use Bitcoin as money. I also enjoy it most when Bitcoin is stable.

shoreno

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both sides wants bitcoin to go up or are going to be happy when the price goes up because those people that wish bitcoin to go down can still buy on the current price of btc because he is going to earn more when the price of btc increases .

we all want that to happen because we often see price on the decline side but not on the inclined side . there are still many reasons to be happy here on crypto and not just when price of btc increases . people get happy too when price goes down or when price gets stable

bakasabo

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People in cryptocurrency can be divided into several categories. Some of them are holders and trades. Holders "happy only when the price goes up". They can be counted as a lazy people in some way. Traders can be happy all the time, because they can get profit even during "red market".

Speaking philosophically, the question is simple and silly. How can someone be unhappy, when his portfolio grows ?

Wexnident

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It's because you aren't part of the people you categorize as happy, and that's the reason why they are happy. You can consider the group in W.O as the people that aren't you, you can talk about them being greedy, since they do want to sell their BTC at the highest possible price, but the same could be said to you tbh since you want to buy more BTC at a low price, and that could also be said as greedy. And you not hearing anything from people wanting to buy more doesn't mean that they aren't there, nor is it that they want to fight with the people who want the price to rise more. Just buy during dips and keep the hodl going strong mate. The saying "Money makes the world go round" is pretty opt here in both cases of wanting the price to go up and the price going down.

isaac_clarke22

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Many are holders. I even believe that there are quite many people that are prone to panic when the price decrease so much that they exit the market and disappear into thin air in crypto space.
I think the right question is "why people still keep holding even if the price goes up".
This is a market. We got buyers waiting for the coin to decrease in price so that they can buy more for future purposes and we got sellers waiting for the price to increase according to their target price.

Nellayar

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To answer that question, there is only one thing that everybody knows. We want profits.

Currently, cryptocurrency is not use in common type of payment. Such as buying in wet market, still fiat currency dominates. The main purpose of crypto from now is investment. Therefore, everyone in this industry want to have profits.

That is the reason why most of us are happy when price goes up. Unless you did not ride the train. But when time comes, it will be burden for those who are using it daily since the gas fee becomes higher also when the price is moving upward.

Lasky366

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There are different catagory in the world. Nothing different in crypto as well.Because some people only hold bitcoin & whenever price goes up they are happy. Because they can earn more money by selling their holding. Same time some people anticipate price decrease so because there are lot of trader who wants to owe more bitcoin when cheap.

CryptopreneurBrainboss

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Quote from: BlackHatCoiner on June 25, 2020, 01:00:17 PM

Especially in the wall observer, you will see people that want bitcoin's price to get increased. Although, if bitcoin price goes down, it's good for many people too. For example, I want to get decreased so I can buy more BTC

Don't believe everything you see online and don't take things too serious as most visitors of that particular thread aren't as happy as they seems knowingly fully well some sold before the spike in price or are dying inside waiting for a dip to buy into the market but since the whole atmosphere of the threads looks positive and filled with excitement, they just play along not to look odd.

But on a general noted, no Investors wants their investment to fall in price irrespectively of them having more funds to buy the dip, they just buy when that happens but their prayers and hope will always be for their investment to keep appreciating in price.

Latviand

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Maybe they think that they feel a huge loss if they see that their asset is not moving in the market. All of us are really happy when bitcoin's price really increase, especially those whales who are having a huge amount of bitcoin in their wallets. That's the reason why we are using bitcoin, we need to have profit from it once it reached its peak. Patience and discipline is what we need to prevent losses or bad decision making, because some people are making transactions without even knowing if the price of bitcoin will increase or decrease. We should be glad that we are holding bitcoin and be happy towards its state, because some other people are not given a chance to have one.

KrisAlex18

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You will feel the same way id you're doing some crypto activities. Once he bitcoin increases we also gain profit from investing and hodling. If you are investing for a long term snd you have invested it when the price of the bitcoin is low then the increment of the bitcoin would make you happy because you will earn money from your investments. There are a lot of people who are investing so they also feel the same way.

That is the bitcoin halving is somehow related to Christmas in real life because we could gain so much money when it comes.

Quote from: kezinaur14 on June 25, 2020, 04:00:48 PM

Many bitcoin users are HOLDERS, price going up is a inherent positive for these people. Day traders don't care too much about it, they make their money in other ways, so I'd say it just goes to show the amount of people that support bitcoin that are holders as well. That and, who doesn't like a bit of "free money"?

Well said, I an also hodling bitcoin and I always observe the movement of the bitcoin and it gives me happiness when there is a big increase for the bitcoin.

AniviaBtc

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That's the reality of bitcoin, for some other users, it only matters when the price of bitcoin increases. But when it undergo downward movement in the market, most of the users are holding until it increase again. People are buying more bitcoin once its price is really low, they save their bitcoin and wait for the right time to sell when its price increase.

Market are really unpredictable and there are bitcoin users who are patiently waiting so that they will benefit the true value of bitcoin. You just need to understand that bitcoin requires a lot of time and factors so that you will get a huge profit in making it as your asset to your investment.

Bitstar_coin

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This is natural for everyone who invest in anything to gain profit be it long term or short term, it is not just btc only, as an investor you will be excited when you see your investment growing and earning profits, this is the goal of investment, thus, people are always happy to see btc price going up, when the price is down, only those who wants to buy will be happy, investors always want to see price is up.

rodskee

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Because there are lots of people who invested and wanted to have a quick benefits, those who
mostly involved with short-term trading.
From the view-point coming from this types of traders seeing the value rising is a good opportunities
to sell and grab decent earnings.
Though as mentioned by other forum members, there are also traders who aims for long-term investment,
people who loves to keep collecting
and storing assets for longer time and higher value, those believers who understand the big
potential of this investment currency.

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